Bullish market but caution is advised on potential risks with the looming threat of a US recession and geopolitical tensions while "Investors tread cautiously"
KUALA LUMPUR: The FBM KLCI ended in the red yesterday, erasing earlier gains due to late selling by foreign funds. Despite the dip, market analysts remain optimistic, expecting bargain-hunting activities to provide support, with the index projected to trend between the 1,600-1,610 range today.
On the global front, Wall Street closed mixed, as sentiment remained subdued following the latest developments in the Russia-Ukraine conflict. However, the Nasdaq outperformed, buoyed by Nvidia ahead of its earnings announcement.
In Hong Kong, the Hang Seng Index edged higher after China pledged increased financial support, including more listings of Chinese firms and improved market access. Meanwhile, the US 10-year Treasury yield eased slightly to 4.396%.
Read More News on Business News Malaysia
Read More News on Business News Malaysia
The government has disbursed RM4bil under its RM15bil PowerUp 10K financing initiative, benefiting over 150,000…
More Malaysian women in finance are pursuing entrepreneurship, strengthening SME growth, innovation, leadership diversity, and…
Partnership integrates Sandoz biosimilars into Alpro Pharmacy’s OncoHelp programme to support patients from government hospitals…
Dayang Enterprise's 1QFY26 net profit soared 140.8% year-on-year to RM22.2 million, driven by improved margins…
Telekom Malaysia's 1QFY26 net profit fell short of expectations, impacted by a 5G-related write-down and…
MM Computer Systems Bhd offers customized IT solutions and outsourcing services, serving diverse clients including…
This website uses cookies.